EUROPEAN UNION: focussed on the freezing and recovery of misappropriated Ukrainian state funds

Date: March 6, 2014Description: The EU Council adopted EU sanctions focussed on the freezing and recovery of misappropriated Ukrainian state funds. Decision targets 18 persons identified as responsible for such misappropriation whose assets within the European Union will be frozen. The sanctions also contain provisions facilitating the recovery of the frozen funds, once certain conditions are met.Original source: http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/EN/foraff/141324.pdf